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Brisbane

Queensland’s best metro gaming pub up for sale on the Gold Coast

2012-10-10T05:00:00Z

The Lost City Tavern in Upper Coomera is being offered for sale exclusively by Paul Fraser and John Musca of Jones Lang LaSalle Hotels by way of a Tender Campaign, under instructions from the receivers and managers, Justin Walsh and Chris Munday of Ernst & Young.

The Lost City Tavern has a large dual street frontage to Reserve Road and Brygon Creek Road in the Brygon Reserve Shopping Centre at Upper Coomera. The hotel incorporates a large central bar with two additional bars, TAB area, restaurant, award winning gaming room, pool room, children’s play area and separate entertainment area. The entire site of approximately 3,472sqm also boasts a large drive through liquor barn on site and three detached bottle shops located at surrounding neighbourhood shopping centres

Mr Paul Fraser, Manager – Pub Investment Sales, Jones Lang LaSalle Hotels notes, “The Lost City Tavern is a truly unique hotel offering, the internal space offers patrons all of their entertainment needs within a centralised area, allowing easy access to all offerings in the property.”

Mr Fraser adds that “The Lost City Tavern has continually received huge accolades since opening and recently took out the award for Queensland’s Best Metro Gaming Hotel in the Australian Hotel Association’s annual excellence awards ceremony. The property’s Pharaoh’s gaming room has 40 electronic gaming machines with the new state gaming legislation allowing for an extra five machines.”

John Musca, National Pubs Director - Pub Investment Sales, Jones Lang LaSalle Hotels states “Speaking with national investors, there is a huge focus being placed on strong performing venues in South East Queensland. The Lost City Tavern is expected to grow in popularity over the coming years due to its prime location in one of the Gold Coast’s fast growing suburbs, as the gap between the Gold Coast and Brisbane disappears.”